Vale's mega ships to stall maritime recovery for yearsThe rollout of the world's largest dry bulk carriers by Brazilian mining giant Vale in 2011 will slash the cost of shipping commodities and choke off a recovery in the freight market for years.

Tallink group improves its cargo performance in November
The Tallink group transported 26,408 freight units (+18%) in November. The key figures for the first quarter of the 2010/2011 business year also showed the centre's positive develo...

Port of Long Beach and Panama Canal Authority sign agreement
Officials representing the port of Long Beach and the Panama Canal Authority recently agreed to a series of efforts to promote trade between Latin America and the USA. The two auth...

Groupe CAT wins BMW contract in UK
Groupe CAT has won a major new long-term contract from the BMW Group in the UK, becoming the latter's technical services provider at sites in Thorne (near Doncaster) and in Oxford....

GAC expands UK network with new Sheffield office
Sheffield is the latest city to be added to the GAC Logistics UK network, with the latter opening its doors for business in the city located in Yorkshire (England). GAC's offices a...

Turners Shipping joins BDP Global Network in South Africa
Turners Shipping, based in Durban (South Africa), joined the BDP Global Network on 1 December, and will now represent the US global logistics provider BDP International's network i...

German airfreight volumes hit 3 million t in three quarters
German airports handled 3 million t of airfreight in the first three quarters of 2010, according to data released by the German federal statistical office (Destatis) on the occasio...

Panama Canal reopened
THE PANAMA Canal has reopened, a day after flooding forced its closure for the first time in more than two decades

Venezuela, Cuba warnings WikiLeakedUS EMBASSY cables divulged by WikiLeaks have suggested that Venezuela's oil expropriations backfired disastrously and that Cuba is on the brink of bankruptcy

Paraguay's trade blockedRIVER trade to and from landlocked Paraguay has been at a standstill for more than 40 days because of a union blockade, IHS Global Insight reported today

Eurochem acquires rights for Ust-Luga terminalEUROCHEM, one of Russia's largest fertiliser producers and exporters, has acquired the rights to ship from the Baltic seaport of Ust-Luga, it told Fairplay today

Chennai clearing box glutCHENNAI Container Terminal officials said they hope by tomorrow to clear a huge back-up of import containers that mounted during a strike

US adopts box findingsTHE US government has formally adopted recommendations addressing box liner capacity shortages for US exporters

Mica confirmed as US House T&I chiefJOHN MICA was confirmed by his fellow Republican congressmen as the new chairman of the House Transportation & Infrastructure Committee yesterday

Saudi Arabian vessel freedThe Saudi Arabian-flagged product tanker Al Nisr al Saudi has been freed after being held by pirates for several months, reports EU Navfor. It is unclear whether any ransom

Growing demand for offshore vesselsThe demand for offshore service vessels (OSV) is growing, according to Germanischer Lloyd. There are some 2,500 offshore service vessels worldwide and steady growth is projected from now through 2020

Lauritzen Kosan takes delivery of LPG carrierLauritzen Kosan has taken delivery of the first LPG carrier in a series of six units from the Chinese shipbuilder Yangzhou Kejin in Jiangdu. The vessel has been named Helle

Last docking at FredericiaT'rntank AB's chemical and product tanker Tarnbris, 11,289 DWT, will most likely be the very last vessel to dock at Fredericia Shipyard. At the end of the this week, the

Japan prepares rescue mission for ailing yardsThe Japanese government will use subsidies and tax cuts in a bid to help its struggling shipbuilding industry. The Ministry of Land, Infrastructure, Transport and Tourism will shortly announce comprehensive